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Credit Suisse To Borrow $54 Bln From Swiss National Bank After Shares Plunge

Credit Suisse To Borrow $54 Bln From Swiss National Bank After Shares Plunge

Credit Suisse Group AG said it would borrow up to 50 billion Swiss Francs or around $53.7 billion from the Swiss National Bank after the Swiss banking major lost much of its value in the wake of latest banking industry turmoil. The development comes as its largest investor Saudi National Bank said that it could not provide the Swiss bank with more financial assistance.
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Swiss Franc Falls Amid Credit Suisse Debt Woes

Swiss Franc Falls Amid Credit Suisse Debt Woes

The Swiss franc Weakened against other major currencies in the Asian session on Thursday, as concerns about the debt woes of Swiss lender Credit Suisse triggered massive sell off in the currency.
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NZ Dollar Slides On Weak GDP Data

NZ Dollar Slides On Weak GDP Data

The New Zealand dollar weakened against other major currencies in the Asian session on Thursday, after data showed the nation's gross domestic product contracted in the fourth quarter of 2022.
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European Economic News Preview: ECB Monetary Policy Decision Due

European Economic News Preview: ECB Monetary Policy Decision Due

The monetary policy announcement from the European Central Bank is the major event due on Thursday, headlining a light day for the European economic news. At 3.00 am ET, Statistics Norway releases monthly GDP data for January. The mainland Norway is forecast to shrink 0.2 percent on month in January, reversing a 0.4 percent rise in December.
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Swiss Franc Falls Against Majors

Swiss Franc Falls Against Majors

The Swiss franc Weakened against other major currencies in the Asian session on Thursday.
RTTNews | 713 दिनों पहले
NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Thursday.
RTTNews | 713 दिनों पहले
Asian Markets Track Global Markets Lower

Asian Markets Track Global Markets Lower

Asian stock markets are trading mostly lower on Thursday, following the negative cues from global markets overnight, following a sell-off in the banking sector amid concerns about the debt woes of Swiss lender Credit Suisse, and the collapse of Silicon Valley Bank and Signature Bank in the US. This raised concerns the global economy could see a significant slowdown in the near to medium term.
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Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is significantly lower on Thursday, after the slight gains in the previous session, with the Nikkei 225 falling below the 26,900 level, following the mostly negative cues from global markets overnight, with losses across most sectors, led by financial and technology stocks amid the concerns over the stability of the financial sector.
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Thai Stock Market Tipped To Open Under Pressure On Thursday

Thai Stock Market Tipped To Open Under Pressure On Thursday

The Thai stock market on Wednesday halted the three-day losing streak in which it had stumbled more than 90 points or 5.7 percent. The Stock Exchange of Thailand now rests just above the 1,565-point plateau although it may hand back those gains on Thursday.
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